2 Bed Terraced House, Single Let, DH9 7BB, £40,000

Guide Price £40,000+

Moovd are delighted to offer this two-bedroom mid terrace in the village of Southmoor, on the outskirts of Stanley, offered For Sale via Option A – Unconditional Online Auction on 13th March 2025.

The property is sold with a sitting tenant in situ, paying £90 per week or £4,680 per annum, returning a yield of 11.7% on the advertised Guide Price.

The ground floor briefly comprises: immediately off the street into a large lounge leading through to the kitchen at the rear of the property and a vestibule with staircase to first floor. To first floor is a landing area, two bedrooms and a family bathroom W.C. Externally is an enclosed rear yard.

Situated in Southmoor on the outskirts of Stanley, this well-presented accommodation is located within easy access of Consett, Durham and Newcastle and on excellent bus routes. With countryside walks, good schools, shops, restaurants and more on the doorstep, this fantastic property is bound to appeal.

To arrange a viewing, please contact the office. Viewings are strictly by appointment only.

EPC rating TBC.

For more information, please contact Moovd directly.

Lounge - 5.52 x 4.95 (18'1" x 16'2") - UPVc double glazed window to front, Adam style feature fireplace with fire, door opening to staircase.

Kitchen - 4.24 x 1.34 (13'10" x 4'4") - UPVc double glazed window to rear and door to yard, fitted with a range of base and wall units with contrasting work surface, stainless steel sink with drainer unit, plumbed for washing machine, wall mounted boiler, cooker point.

First Floor Landing - UPVc double glazed window to rear.

Bedroom 1 - 5.09 x 2.96 (16'8" x 9'8") - UPVc double glazed window to front, radiator.

Bedroom 2 - 3.72 x 2.33 (12'2" x 7'7") - UPVc double glazed window to front, radiator.

Bathroom - UPVc double glazed and frosted window to rear, white suite including WC, pedestal hand basin, paneled bath, splash back tiling.

External - Steps down to rear yard.

Moovd may work in partnership with marketing agents on our Online Auction Lots and act as 'The Auctioneer', throughout the sale process.

Option A - Online Unconditional Auction:

The above property is offered for sale by Online Unconditional Auction (Traditional auction). With this method of sale, both seller and buyer are required to complete the transaction, within the timeframe stated in the General Conditions and Special Conditions of Sale. It is Moovd’s policy that all buyers are without fail AML checked at point of Registration. The buyer is then required to make a NON- REFUNDABLE Administration Fee payment amounting of £3,000.00 Inc VAT (£2,500 + VAT) (This fee IS PAID in addition to the purchase price and will be chargeable and calculated towards stamp duty). A deposit payment amounting to 10% of the purchase price (or a minimum of £5,000) is also required from the successful buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

Guide Price:

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time during the timed Auction.

Prospective purchasers should also be aware that the eventual Sale Price may be above or below the Guide Price and should therefore not presume the Guide to be indicative of the final expected Sale Price or the price the property is available at.

Reserve Price:

The property is offered subject to a Reserve Price (a figure below which we Moovd the Auctioneer cannot sell the property during the timed Online Auction). The Reserve Price will be set somewhere within the Guide Range or no more than 10% above a single figure Guide Price.

N.B. The Reserve Price may be either below or above the quoted Guide Price.

Anti Money Laundering Regulations

It is Moovd’s policy that ALL BUYERS ARE WITHOUT FAIL AML CHECKED at point of offer via signing our Bidder Registration Form.

All buyers will be asked to produce two forms of identification documentation, either as part of the Bidder Registration process or if they make an acceptable Pre-Auction offer, we would ask for your assistance in order for there to be no delay in agreeing the sale. In addition, we may also ask for proof of funding, where required.

Legal Pack:

Each property has a valid Legal Pack, which is a set of documentation prepared by the seller's solicitor relating to the property being offered for sale. The legal documentation enables all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. We recommend you seek the counsel of a solicitor prior to proceeding with any property purchase.

The Legal Pack is available to download via the property details on our website. Moovd take no responsibility in the accuracy of the documents contained within the Legal Pack.

Particulars:

Moovd have taken reasonable care to prepare particulars that correctly describe each property. The particulars are based on information supplied by or on behalf of the seller. You need to check that the information in the particulars is correct. If we provide information, or a copy of a document, we do so only on the basis that we are not responsible for the accuracy of that information or document. The particulars and the sale conditions may change prior to the timed Online Auction and it is your responsibility to check that you have the correct versions. If the special conditions do not contain a description of the property, you take the risk that the description contained in the particulars is incomplete or inaccurate, as the particulars have not been prepared by a conveyancer and are not intended to form part of a legal contract.

Viewings:

Most of our properties are available to be viewed, strictly by appointment only.

Bidding:

Pre-Auction bids may be placed via our website:
In order to submit a bid upon any property being marketed by us, all bidders/buyers will be required to adhere to a verification and identity process in accordance with our Anti Money Laundering procedures.

Please be aware that any inquiry, bid or viewing of the property will require your details to be shared between both the marketing agent and the Auctioneer in order that all matters can be dealt with effectively. We would ask for your co-operation so that there will be no delay in agreeing the sale.